Aerospace stock Boeing (BA) is not off to the brightest of starts in 2025, with the first month nearly half over already. A report from The Guardian says that looking for a lot of planes to go flying off Boeing’s production lines may be a bridge too far. Investors, meanwhile, were likewise concerned, and shares slipped modestly in Monday afternoon’s trading.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The report noted that Boeing should be confirming its total aircraft production for 2024, and the number should be downright frighteningly low, coming in at around 340 aircraft when it publishes its numbers tomorrow. Given that rival Airbus (EADSY) brought out 766, that number is likely to frighten a few investors.
Boeing is eager to get those numbers back up, the report noted, but factors beyond its control may have some impact here as well. The supply chain is perhaps the biggest issue, with the far-flung numbers of suppliers needing to ramp up as well. Further, with the FAA still watching closely—for a while, anyway, ahead of the incoming Trump administration—there may not be much Boeing can do to get its numbers back up and running. Even Bernstein analyst Douglas Harned noted that “Boeing has not demonstrated that it is yet on the path to recovery.”
Fixing Trust, Selling Antiques
A report from Simple Flying noted that Boeing has been frantically working to “restore trust” for the last several months now. As the former “go-to name in aviation,” the recent quality issues in Boeing planes is forcing potential passengers to reconsider.
Finally, one very unexpected Boeing sale managed to show up for a 1966 Boeing 727 that has been sitting at El Paso International Airport for the last 20 years. The aircraft, currently considered un-airworthy, sold for $10,000, after it was revealed that the plane needs repairs that are valued at more than the plane itself is actually worth. But with abandoned planes being turned into everything from homes to public facilities, there may be one more such conversion in store with this plane.
Is Boeing a Good Stock to Buy Right Now?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 15 Buys, six Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 15.36% loss in its share price over the past year, the average BA price target of $195.26 per share implies 14.87% upside potential.
